$4.5 million programs in Massive group plan

Massive Resources and associated Master Resources, and Sands Minerals have adjacent claims in the Favourable Lake, Pickle Lake and Pangis-Batchawana areas of Ontario.

Recently, Massive acquired an option on up to 50% of Twin Gold Mines’ Lingman Lake property, which has mineral reserves in all categories, (proven, probable and indicated), of 1,470,241 tons grading 0.26 oz gold per ton.

And Sands has just acquired an option to purchase the Ore Chimney mine property located in the Madoc area of the eastern Ontario mining division.

Of $4.2 million raised so far for flow-through-financed projects for the three companies, $1.2 million has just been spent on exploration progra ms, according to John Sadowski, president of all three companies.

Massive has spent the bulk of this, $1 million at Favourable Lake (including 8,000 ft of diamond drilling, at Pickle Lake, and at Pangis- Batchawana, (including 5,000 ft of drilling).

Master and Sands have spent the remaining $200,000 at Pickle Lake, Pangis-Batchawana, and at the Ore Chimney mine.

Complete diamond drill assay results for Massive’s Favourable Lake and Pangis-Batchawana projects will not be available for another few weeks.

Prior to the winter program at Massive’s Favourable Lake joint venture property with Noranda Explorations there were existing probable ore reserves of 431,967 tons grading 8.43 oz silver per ton and 0.092 oz gold.

The objective of the current program is to increase the reserves to 1,000,000 tons of similar grade.

The winter program at the Pickle Lake claims involved an airborne electromagnetic survey, linecutting, a VLF electromagnetic survey, a magnetic survey and a horizontal electromagnetic survey referred to as a comprehensive phase one pre- diamond drill program.

The winter program on Massive’s 301 Pangis-Batchawana claims is part of a program to follow up all anomalies detected so far. Previously, four gold showings and one zone of gold mineralization have been found here.

Mr Sadowski says the main priority for 1987, as soon as weather conditions permit, will be a $2.5- million program for Twin Gold Mines’ Lingman Lake joint venture property, of geological mapping, geophysical surveying, trenching and 30,000 ft of surface diamond drilling.

He said that by year-end it is hoped this program will have established an ore position to the 1,000- ft level of about three million tons of comparable grade to that already indicated, sufficient to justify a production decision.